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California Commercial Code

§ 11503

COM § 11503Div. 11 · Ch. 5

Statute text

View on leginfo.ca.gov
For proper cause and in compliance with applicable law, a court may restrain (i) a person from issuing a payment order to initiate a funds transfer, (ii) an originator’s bank from executing the payment order of the originator, or (iii) the beneficiary’s bank from releasing funds to the beneficiary or the beneficiary from withdrawing the funds. A court may not otherwise restrain a person from issuing a payment order, paying or receiving payment of a payment order, or otherwise acting with respect to a funds transfer.

Legislative history

Added by Stats. 1990, Ch. 125, Sec. 2.

Source: California Commercial Code § 11503 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.